To minimise any unforeseen costs you might see in the future, it is recommended that you organise home inspection reports when purchasing a series of new properties. You must know everything you can possibly know about the property before financially committing to the purchase.
This article will briefly list what is involved in home inspection reports and why they are incredibly useful to prospective investors and property owners.
A personal viewing of the property will usually last anywhere from half an hour to an hour. Notably, this is primarily predicated on the size of the property in question). We recommend that a professional complete this for you; however, many prospective buyers do this themselves (despite the obvious risks, like missing a crucial defect). During the personal viewing session, you should be mindful of the following architectural features (which will be included in subsequent home inspection reports):
- Check that all doors shut properly (assess the hinge or frame for any anomalies)
- Repeat this process for windows and shutters
- Lift up the carpet to ensure there aren’t any rotting floorboards beneath the surface (check if they are damp)
- Flush every toilet in the house to verify that all cisterns are operational
- Look for signs of buckling walls and ceilings (warped appearance or chipped paint)
- Evaluate the hot water system (how long does it take for the hot water to come through?)
- Verify the property’s energy efficiency rating (if it has one)
- Is there a strong scent or odour? A pungent smell could indicate a structural flaw or the presence of a nearby waste management plant or rubbish tip.
- Check under the sinks to ascertain the quality of the plumbing (are the pipes rusted or discoloured?)
As you can see, there are many things you need to mindful of when assessing the quality of a new property (apartments and commercial spaces included). Indeed, because of the complexity of the process, many prospective buyers often reach out to a professional company to conduct their home inspection reports. It’s simple, straightforward, affordable, and easy to organise.
Why do I need home inspection reports?
So, why should a property be evaluated by a professional? Well, let’s check out some of the most notable benefits below:
- It allows you to know in advance of any structural or cosmetic problems with the property. This means you can make a more informed decision about moving forward with a possible purchase, and even adjust your budget accordingly.
- You will also have a more comprehensive view of the property’s history and how this might affect it in the future. If the property needs extensive work in the future (like a new roof or renovations), then these are significant modifications you need to be aware of.
- If there are significant issues relating to the property, then this gives you the power to negotiate a lower price. You can factor in how much it will cost you to renovate the property and factor this into your revised offer – a great bargaining tool!
What type of information is included in home inspection reports?
In conventional home inspection reports, the professional running the viewing will include the following information:
- Details regarding roof space
- Information about under-floor space
- The building’s interior
- The premises’ exterior
Can I make specific requirements?
Yes – most professional agencies will encourage you to make specific requests; however, if they are as good as they say they are, you won’t have to ask – it’ll be done for you. These specific requests will generally include the following:
- Visible signs of decay or asbestos
- Smoke alarm systems (are they operational or up to date?)
- Electrical safety switch (is it functional and accessible?)